controlled by an organized manager and managed by a country saudi arabia has tried to isolate carter in recent years with a regional boycott over the lack of the nation's cooperation with saudi arabia's regional agenda and here with morris is producer. we're so glad to have you on this stuff you know it so well so is this a big deal that carter is leaving opec well prior to the tire is a very small country actually one of the smallest countries in the world as size of connecticut and dad but it's also a sale for oil how. as make one of the richest countries in the world their energy minister has said this has nothing to do with geopolitics and all to do with their country's strategy which is to concentrate on liquefied natural gas now they're their supplier forty percent of the world's supply of liquefied natural gas and that's where they want to concentrate on in terms of oil could tar has only supplied about two percent of the world or elles output so oil is not their strategy right now and what they really want to do is concentrate on l.n.g. so in terms of them exiting opec is it

cut groups out about to cut output by one point three million barrels per day by saudi arabia's energy minister highly as fatty announced today in vienna that output caused by about one million barrels per day would be sufficient for opec and its allies producers and that's because alberta canada and nastiness week that it would require producers to carve out to it by about three hundred twenty five thousand barrels per day to drain their overflowing crude stockpiles to be realistic one point three is excessive if you take into consideration what you saw yesterday for example from canada or the day before with the. current. three hundred fifty thousand of it about from the state of our birth i think if you take into consideration. the volunteer to duck soup for example for probably going on the twenty. number that we leave. those. we let's them it's worth it to me it's like this like you know we have all day today and some of the more to determine goes the goods and bar to complicate matters further saudi arabia came into the meeting badly bruised by revelations that agents of the king

arabia for military equipment including cannon equipped armored assault vehicles made by the canadian subsidiary of general dynamics even that weak statement is a notable shift for mr trudeau the canadian leader who went to tober worried about what he said would be seven hundred fifty million dollars canadian or one billion u.s. dollars and cancellation penalties if the deal were next in november aid group save the children said eighty five thousand children in yemen have died from hunger and disease since a coalition led by saudi arabia attacked yemen in april twenty fifteen save the children also noted that a year after the u.s. supported saudi coalition imposed a blockade on yemen fourteen million people in that country are risk of famine. water scarcity around the world has been a problem for thousands of years it's been the cause of many conflicts and that continues today but there's an interesting and surprising story about water scarcity which may happen in of all places the united kingdom as a result of brecht's that here talk about water and pacifically about this bret's that

arabia even as the saudi war in yemen threatens fourteen million people with famine on monday the company claim in a statement were canada to unilaterally terminate the contract canada would incur billions of dollars in liability to general dynamics lances times canada the missile maker was responding to canadian prime minister justin trudeau who said on sunday he would try and see if he could cancel the deal mr trudeau had previously resisted pressure from human rights advocates to cancel the arms deal using general dynamics as current argument about possible cancellation penalties. it's now been over two months and former saudi journalist jamal khashoggi entered the saudi embassy in istanbul turkey and was killed he was murdered reportedly on orders of crown prince mohammed bin solomon of saudi arabia president trump says there is no hard proof that the prince was personally involved but other world leaders disagree and the u.s. senate may force the president's hand to take some action senators from both sides of the aisle republicans and democrats alike were furious after receiving a b

senate struggling rebuke saudi arabia over. because shogi murder and calls for an end to the american involvement in the war on yemen is this the defining moment for this by lot of relationship will so-called values. political reality. that will venerable german automaker volkswagen is leading a chorus of european automakers who are pushing back on the european union's updated plans for staving off the most disastrous effects of human caused climate change a master's from european union nations are expected to endorse the new greenhouse gas limits in brussels on wednesday the plans approved in forwarded by the european parliament would require new cars in two thousand and thirty to emit thirty seven point five percent less carbon dioxide both swag and had planned for a thirty percent reduction in that figure and says the new goals will require them to fast track production of electric vehicles and increase electric vehicle sales to forty percent of their total. french economy minister bruno the mayor says his government will be

crown prince mohammed bin solomon of saudi arabia president trump says there is no hard proof that the prince was personally involved but other world leaders disagree and the u.s. senate may force the president's hand to take some action senators from both sides of the. our public and the democrats alike were furious after receiving a briefing on that killing from cia director gina haskell back on december fourth here with morris conservative commentator steve malzberg steve thank you for being with us my pleasure could see of course so this is such a troubling story i mean because somebody is actually murdered and a journalist we both are are a journalist and that's uncomforting but i'm just curious after this briefing in the senate where ms haskell finally appeared and first of all she didn't appear then ship eared even had people like lindsey graham. supposedly you know one of the president's best friends on capitol hill saying no i mean it's obvious what happened here what do you make of all of it yeah well here's what happened there were two briefings one for the entire senate and

that shallow men from what's with saudi arabia there's a lot of scuttlebutt out on that and that also may have created some selling in the market as far as the rates go with the fed you get people to get used to what the market has to get used to what's that is going to increase the rates whether it's in december whether it's three times next year whether it's for the market has got to get used to the fed raising rates and i believe that it will but the tower thing is a problem at any any scuttlebutt with saudi arabia is a problem let me ask you one more question i talk about a santa claus rally and you sort of addressed it there because there will be a mean everybody thinks there's going to be a rate increase but we have the jobs numbers that are coming out that may have something to do but do big you think it's pretty much going to be volatility was some ups and down or do you think there is chance for real prolonged rally as we go into the end of the year. we might have a per prolonged rally but what does that mean it means we're still could have volatility because it could be a ra

arabia is a problem let me ask you one more question i talk about a santa claus rally and you sort of addressed it there because there will be a mean everybody thinks there's going to be a rate increase but we got the jobs numbers that are coming out that may have something to do but do big you think it's pretty much going to be volatility was some ups and downs or do you think there is chance for real prolonged really as we go into the end of the year. we might have a per prolonged rally but what does that mean it means we're still could have volatility because it could be a rally that makes people think oh everything's lovely and roses and then all of a sudden you have a day like today so that's what volatility has volatility as the unexpected people get comfortable and i think everything's great or they think everything's bad and then the markets looks around in the opposite direction so what does this mean for two thousand and nineteen it means that yes we could have a market rally in december do i think the market makes new highs probably not after the sell off today however i do

arabia ok and. if you look at growth rates in the different regions you know. sure. how are they looking for growth rates going forward yes on some of the hot spots coming up actually there are some of the emerging nations and then there are just growth rates so one of the most outstanding growth rates that continues and as outpaced all nations actually is australia and that's really due to their brilliant immigration policies to get into australia i mean you have to have a certain network you have to come with certain skills they have not been stupid about that and most importantly they had a mining boom where they were mining coal and iron ore that they were shipping to all the factories in the nation so there's a great growth rate some of the emerging nations where there's a men's growth are you've got the some of the. in the pacific basically all the countries right and you have argentina you have indonesia india india is projected to have a seven percent growth rate seven point nine next year y

arabia the current global leaders in energy but this dramatic spike in energy production has created a dilemma in that existing pipelines are not equipped to deal with such an influx as there are already operating in full capacity let's take the cost of transporting natural gas by train a cost that's nearly five or six times that of transporting by pipeline as economist kevin gillen explains first of all take train transportation by train is sniffing more expensive than transportation by pipeline just to give you some numbers it costs about ten to fifteen dollars a barrel to transport a barrel of natural gas by train and had only five dollars a barrel to transport a pipeline so the cost of transportation by train is to just retires transportation by pipeline the u.s. currently has more than two point six million miles of pipeline that transport more than sixteen billion barrels of crude oil and natural gas through the pipelines annually making it the world's largest network and over that network are more than two hundred thousand miles of liquid pipelines over three hundred thousand

arabia discontent with saudis dominant status is said to be growing within opec and the kingdom seems to be walking a tight rope as it tries to balance constant demands from u.s. president donald trump for lower prices and its relationship with russia and other producers. and there are more unsettling science for the u.s. economy as u.s. labor department employment numbers came out today for november and they came in below expectations and showed a significant drop off in job creation from the month before the fresh figures indicate just one hundred fifty five thousand jobs were created in november down sharply from two hundred fifty thousand in october consensus expectations in the dow jones survey were for a. hundred ninety eight thousand new jobs the official unemployment rate of three point seven percent was on change the labor department also reports average hourly earnings increased by point two percent in november below douai survey expectations of point three however the latest numbers still show a year over year trend of three point one percent growth in wages and here to dis

arabia venezuela you know this go down the list of these opec members russia they're going to be on the losing end of this but i think everybody actually loses because the reason boyle is heading down is we have less demand that less demand is coming from this global economic slowdown and i mean when you think about supply and demand as we like to do i mean you know the supply we know a little bit about that because of this recent cutback from opec and russia so we sort of know the numbers there and the numbers on demand are really sort of expectations from as you say you know i am and others going forward so unless something changes in the economy those are all pretty much based upon the economy right raji. absolutely and i think when opec themselves are admitting that they're looking at about one point four million barrels per day demand and twenty nine thousand they're also looking to reduce production going into twenty nineteen we're also hearing the saudis are going to be exporting less oil to the u.s. so this story just keeps getting better and better when you think about all

he met with the majority and majority of the leaders from a glamour print also the crown prince of saudi arabia now present time did it run into the crown prince and they exchanged pleasantries and very public lots of pictures out there of that but no formal meeting it was set as well so looking at it going in tomorrow is obviously the meeting that people are wondering about it actually happened after the g. twenty closes apart when there's going to have a formal working dinner and they're going to within between press. and president xi jinping the question is how does the other relations and everything that's gone on the last forty eight hours the meetings that she is having with all the other countries going to effect what ultimately will happen with president trump and it's president's not going to try to gather back all of the headlines by actually working with the chinese and coming up with a deal that will end this trade war that's been going on that might be the limit made of the situation is right now presence of it's not necessarily and the headlines for his positive interacts w